PR 3-5B. Adjusting Entries and Adjusted Trial Balances OBJ. 2, 3, 4, 5, 6 Reece Financial Services Co., which specializes in appliance repair services, is owned and operated by Joni Reece. Reece Financial Services accounting clerk prepared the following unadjusted trial balance at July 31, 20Y6: An unadjusted trial balance for Reece Financial Services Co. for July 31, 2 0 Y 6, is shown. The following accounts and amounts are shown: Cash, debit balance of 10,200; Accounts Receivable, debit balance of 34,750; Prepaid Insurance, debit balance of 6,000; Supplies, debit balance of 1,725; Land, debit balance of 50,000; Building, debit balance of 155,750; Accumulated DepreciationBuilding, credit balance of 62,850; Equipment, debit balance of 45,000; Accumulated DepreciationEquipment, credit balance of 17,650; Accounts Payable, credit balance of 3,750; Unearned Rent, credit balance of 3,600; Joni Reece, Capital, credit balance of 153,550; Joni Reece, Drawing, debit balance of 8,000; Fees Earned, credit balance of 158,600; Salaries and Wages Expense, debit balance of 56,850; Utilities Expense, debit balance of 14,100; Advertising Expense, debit balance of 7,500; Repairs Expense, debit balance of 6,100; and Miscellaneous Expense, debit balance of 4,025. A single rule appears below the number 4,025 in the Debit Balances column and on this same line in the Credit Balances column. The total amount of the Debit Balances column is 400,000. A double rule underscores this number. The total amount of the Credit Balances column is 400,000 as well. A double rule also underscores this number. The data needed to determine year-end adjustments are as follows: Depreciation of building for the year, $6,400. Depreciation of equipment for the year, $2,800. Accrued salaries and wages at July 31, $900. Unexpired insurance at July 31, $1,500. Fees earned but unbilled on July 31, $10,200. Supplies on hand at July 31, $615. Rent unearned at July 31, $300. INSTRUCTIONS Journalize the adjusting entries using the following additional accounts: Salaries and Wages Payable, Rent Revenue, Insurance Expense, Depreciation ExpenseBuilding, Depreciation ExpenseEquipment, and Supplies Expense. Determine the balances of the accounts affected by the adjusting entries and prepare an adjusted trial balance.